Blockchain Press Releases
Term Labs, Inc. Announces $5.5 Million in Strategic Funding to Bring Stability and Predictability to On-Chain Lending
SAN DIEGO, July 9, 2024 /PRNewswire/ — Term Labs, Inc., a leader in blockchain R&D, is proud to announce the closure of a strategic funding round totaling $5.5 million. This brings the company’s cumulative funding to date to $8 million. Leading this round was Electric Capital, with Maelstrom (Arthur Hayes), Ava Labs Blizzard Fund, Arete Capital, Inception, Delta Blockchain Fund and others participating. Angel investors, including Ether.fi founder and CEO Mike Silagadze, GP and Founder of Paper Ventures, Danish Chaudhry, Founder and Managing Partner of Neoclassic Capital, Steve Lee, Co-host of Up-Only, Ledger Status, Co-host of Into The Ether Podcast, Eric Conner, and Co-host of The Edge Podcast, DeFi Dad, also joined the round.
Term Finance is the first DeFi fixed-rate lending protocol to operate effectively at institutional scale. Since its inception last year, Term Finance has serviced over $100 million in volume through its auction-based fixed-rate lending platform, with consistent weekly clearing volumes in the seven-figure range. Its auction-based mechanism has proven effective in setting fair rates, consistently clearing between the supply and borrow rates on competing variable rate lending protocols. As a result, borrowers on Term have saved hundreds of thousands in interest, while lenders have earned hundreds of thousands more.
“The protocol’s success in achieving early institutional adoption is due in large part to a focus on security, transparency, and economic risk mitigation,” said Dion Chu, Founder and CEO of Term Finance. Term Finance mitigates contagion and concentration risk by using isolated and modular collateral pools and implements oracle safeguards with staleness and zero price checks, fallback oracles, and sequencer uptime checks for future rollup deployments. To verify integrity and correctness of implementation, Term Finance has undergone multiple code audits, traceable through its public GitHub repo and verified on-chain and completed formal verification using Certora’s CLI.
“We chose to continue our support by leading this round of funding not only because we believe that the fixed-rate lending vertical has vast market potential rooted in traditional finance, but because Term Finance stands out as the only protocol to achieve fixed-rate lending on-chain at scale. There is demonstrated demand to borrow at fixed rates against DeFi native assets, and the rise of RWAs and tokenization represents a large untapped opportunity for future growth,” said Ken Deeter, General Partner at Electric Capital.
Earlier this year, in partnership with MatrixPort, Term Finance piloted two auctions backed by permissioned RWAs—a market McKinsey estimates will reach $2 trillion by 2030.
As part of its ongoing commitment to fostering community engagement, Term Labs is introducing an invite-only rewards program aimed at rewarding early adopters for their participation in the protocol. Early supporters of the protocol have already been granted access to the program and do not need an invite to participate. Season 1 of the rewards program is expected to run through the summer into early fall, providing ample opportunity for users to engage and benefit from their contributions to the protocol.
“We’re committed to rewarding our community for their active participation and dedication to our protocol’s growth and success,” said Dion Chu. “This latest round of funding, combined with the rewards program, will help us capitalize on our early traction and drive the next wave of adoption, advancing our mission to realize predictability and stability in the DeFi ecosystem.”
About Term Labs
Term Labs is a blockchain research and development company dedicated to creating robust, transparent, and scalable fixed-rate lending solutions onchain. The founding team’s combined experience in finance and big tech is the foundation for its innovative approach to defi solutions. Its founders have a track record of managing $1b+ portfolios on both the sell side and buy side at Citibank, Morgan Stanley, D.E. Shaw, and other institutions), as well as establishing interest rate benchmarks at exchanges that have done trillions in volume. They also have substantial technical backgrounds, including experience at the Amazon blockchain group, Bloomberg, and Planet Labs.
Media Contact Billy Welch [email protected]
View original content:https://www.prnewswire.co.uk/news-releases/term-labs-inc-announces-5-5-million-in-strategic-funding-to-bring-stability-and-predictability-to-on-chain-lending-302190899.html
Blockchain Press Releases
Blockstream Mining Announces Strategic Focus on Proprietary Mining and Vertical Integration
Backed by $350 Million in Financing, Company Scales Infrastructure with Over 120,000 Miners Acquired Since Spinout
MONTREAL, April 30, 2025 /PRNewswire/ — Blockstream Mining, now operating as an independent entity, today announced its sharpened strategic focus on proprietary mining and full vertical integration. The company, which has been a foundational player in the global Bitcoin mining ecosystem since its inception, will concentrate on expanding its self-mining footprint while building the energy infrastructure required to support long-term scalability and resilience.
Following its spinout from Blockstream earlier this year, Blockstream Mining has secured over $350 million in financing, including equity, debt, and tokenized asset sales. The capital raise has enabled rapid execution on key infrastructure initiatives, including the acquisition of over 120,000 miners to fuel the company’s next phase of growth.
“Bitcoin mining is no longer just about machines and megawatts—it’s about owning and optimizing the entire value chain,” said Chris Cook, CEO of Blockstream Mining. “As the industry matures, those who control their own energy and infrastructure will be best positioned to thrive. We’re doubling down on our mission to be one of the most efficient, vertically integrated mining operations in the world.”
Blockstream Mining is deploying capital toward the development of new energy generation assets—particularly renewable and hybrid power systems—to reduce dependence on third-party providers and shield operations from energy market volatility. This approach supports cost stability, improves environmental performance, and ensures maximum uptime across its expanding fleet.
The vertical integration roadmap includes:
- Expansion of Proprietary Mining: Rapid growth in self-mining capacity across North America, anchored by cost-effective, high-uptime sites.
- Infrastructure Ownership: Continued investment in power infrastructure and on-site energy generation to maintain control over critical operational inputs.
- Operational Excellence: Leveraging Blockstream’s engineering legacy and technical depth to drive efficiency across deployment, cooling, and energy management.
Chris Cook, who launched Blockstream Mining and has led the business since its inception, serves as CEO of the newly independent company. Dr. Adam Back, Co-Founder and CEO of Blockstream, will continue to play a valued role in the company’s strategic direction as Chair of the Advisory Board. In this capacity, Dr. Back will provide high-level guidance on technology, infrastructure development, and capital strategy, helping to ensure that Blockstream Mining remains at the forefront of Bitcoin mining innovation.
As part of the spinout, the Blockstream Satellite program — which broadcasts Bitcoin’s blockchain globally via satellite to enhance network resilience and accessibility — will also transition under the new entity’s stewardship. Blockstream Satellite is already an integral part of Blockstream Mining’s operations, providing connectivity for mining sites in remote locations where traditional internet infrastructure is unreliable or unavailable, further strengthening the company’s commitment to security, uptime, and decentralization.
Blockstream Mining has always been about delivering secure, scalable Bitcoin infrastructure,” said Dr. Adam Back. “With this transition, Chris and the team are exceptionally well-placed to carry the vision forward—scaling with independence, deep technical expertise, and a steadfast commitment to Bitcoin’s long-term success. I look forward to collaborating in this next chapter to build something truly enduring.”
“We’re proud of our roots and even more excited about what comes next,” added Cook. “With strong capital backing, clear focus, and full control over our operations, we’re building the backbone of Bitcoin’s future—one megawatt at a time.”
For media inquiries or more information, please contact:
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/blockstream-mining-announces-strategic-focus-on-proprietary-mining-and-vertical-integration-302442127.html
Blockchain Press Releases
Welcome to the 1V1 Trading Arena: Bybit Blends Gameplay With Real Crypto Wins for Pro and New Users
DUBAI, UAE, April 30, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to unveil the 1V1 Trading Arena, gamifying trading experience for crypto pros and beginners in the first ever 1-on-1 trading battle on Bybit. The competition allows eligible Bybit users to battle another individual trader and share in $1,000,000 in airdrops.
Designed for both seasoned pros and newcomers, the event offers rewards for every trading style. From now until May 22, 10AM UTC, participants can engage in direct PnL (Profit and Loss)-based battles against fellow traders.
Highlights
- Pro Trader Face-Offs: Users may race one another without having to join squads, allowing individual traders to demonstrate their tradecraft to the fullest.
- Performance, Not Size: The trader with the higher Profit and Loss percentage will emerge victorious, no matter the invested amount.
- Flash Rewards in Seconds: The winning trader will get to claim the rewards of each match immediately.
- Race at Their Pace: Participants can choose their own battle mode from 1 to 4 hours–Blitz, Rush, or Endurance. Bybit’s powerful trading tools are at their disposal to help them set positions and automate entry and exit points.
In addition, newcomers will get a chance to join a lucky draw and win up to 100 USDT when they win the first match. Users may also receive referral bonuses of up to 20% of the referees’ points.
Tune in Live: The Ultimate KOL Trading Battle
The 1V1 Trading Arena reinvents traditional trading competitions and enables users to take full control of their portfolios and strategies, blending gameplay with rewards powered by Bybit’s suite of trading solutions.
The stakes are about to get higher on May 7 where two influential crypto traders will compete head to head on Bybit Live. The audience will get to witness the drama unfold in real time, hear tips on how to get the most out of the campaign from the trading pros, while taking part in interactive giveaways for a chance to win from a 1,000 USDT prize pool during the session.
- Livestream Link: 1v1 KOL Trading Arena Showdown
- Date and Time: May 7, 2025, 8AM UTC
Terms and conditions apply. To find out more about the unique trading competition, users may visit: 1V1 Trading Arena: Face-off for big rewards!
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
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View original content:https://www.prnewswire.co.uk/news-releases/welcome-to-the-1v1-trading-arena-bybit-blends-gameplay-with-real-crypto-wins-for-pro-and-new-users-302442774.html
Following a series of successful global editions, DIFY is making a highly anticipated return to the innovation capital of the world — Dubai. The Dubai Blockchain Night 2025, organized by DIFY, took place on 29 April 2025, delivering an electrifying evening of networking, discovery, and gamified engagement right at the iconic doorstep of Palace Downtown.
We are proud to introduce our Title Sponsor – STIQY, the trusted growth and loyalty tool crafted for rising Web3 projects. Attendees experienced live interactive CTA campaigns powered by STIQY’s customizable, white-label solutions—designed to drive scalable engagement and long-term user retention.
Building on the momentum of past editions in Singapore, South Korea, Malaysia, Vietnam, Thailand and previous Dubai showcases, this year’s Dubai Blockchain Night featured a gamified experience where participants dive into real-time activation challenges onsite — gaining first-hand exposure to how STIQY’s dynamic tools operate.
Event Highlights:
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Title Sponsor: STIQY
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Co-hosts: EMERGE Group, DTC Group, 9 Cat Group
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Date: 29 April 2025
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Location: Palace Downtown
Sponsors include Verrefin, Rapidz, Sei and Avocado Guild.
Highly Curated Networking
The event brought together over 500 participants, including top Web3 stakeholders and decision-makers from the MENA and APAC regions. It served as an exclusive, invite-only gathering for founders, builders, venture capitalists, and media to connect and collaborate.
The post DIFY Announces Return to MENA with Dubai Blockchain Night 2025 appeared first on News, Events, Advertising Options.
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